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Thursday, October 22, 2015

ECB Lowers Emergency Liquidity Assistance to Greece

The Governing Council of the European Central Bank has decided to further lower the Emergency Liquidity Assistance (ELA) ceiling for Greece, the Bank of Greece said in an announcement, on Thursday. The new ELA ceiling now stands at 86.9 billion euros. “The reduction of €1.0 billion in the ceiling reflects an improvement of the liquidity situation of Greek banks,


READ THE ORIGINAL POST AT greece.greekreporter.com